News | Pegasus

MEMO: India Tariffs

US Customs has updated their system to reflect the removal of the 25% India/Russian oil tariff, and this is effective for shipments that arrived on or after Feb 7th, 2026.

MEMO: ACE PORTAL ACH Refund Authorization

US Customs regarding instructions on signing up for ACE PORTAL account and setting up the ACH Refund Authorization

Pegasus Market Update Q4 2025:No.23

Rates are moving down consistently from the increases assessed November 1, even with schedule being significantly reduced (see attached) - we expect rates to continue a flat to down trajectory for the remainder of the year and into 2026.

Pegasus Market Update Q3 2025: No.22

I hope everyone had a wonderful summer. While the dark clouds may be forming around the 4th quarter and international trade in general, remember that we, as an industry, are resilient and innovative. There is always a way... Funny enough, I had planned on sending this last month, but with the consistent changes from August through even today, it seemed like an exercise in futility, which is not my favorite exercise.

MEMO: Section 232 Steel/Aluminum derivative tariffs

Customs issued a notification last Friday afternoon regarding Section 232 Steel/Aluminum derivative tariffs and added many HTS codes to this list. This takes effect today, August 18, 2025.

Pegasus Market Update Q2 2025: No.21

Quick market summary entering what will be a very tumultuous summer - Global demand is pivoting sharply toward the Asia-U.S. corridor as the 90-day U.S.–China tariff reprieve drives front-loaded orders and carriers rush to monetize tightening space.

IEEPA Reciprocal Tariffs

IEEPA Reciprocal Tariffs: Section regarding clarification on the date of loading and final mode of transport.

Pegasus Market Update Q2 2025: No.20

Updates on tariffs and price hikes.

Pegasus Market Update Q2 2025: No.19

The Trump Administration announces that tariffs on Chinese Goods are moving forward.

MEMO: Reciprocal Tariff Announcement

Updates on Tariffs as of April 10th from CBP

Memo: Tariff

CBP provided an update regarding Exception to the Reciprocal Tariffs for shipments that loaded on vessel prior to April 5th 12:01am EDT and are in transit. The update states that the exemption will only apply to these shipments if the shipment is arriving AND released BEFORE May 27th, 2025 12:01 EDT.

Memo: CBP

Tariff Update from CBP. Information as of April 4, 2025

Pegasus Market Update Q2 2025: No.18

Below is a quick recap of our interpretation of the Reciprocal Tariffs that were announced yesterday, April 2, 2025. We will provide you with more information once receive from CBP.

Market Update Q2 2025: No.17

Today is "Liberation Day" AKA the day all the tariffs go into effect, even though it's a Wednesday, it is an appropriate day for a market update: Attached is the current tariff announcement in terms of amount by country - any country not mentioned is now a 10% increase, but it is an ever-changing landscape, and we don't have information yet on tariff stacking which is the real question for China and a few others

Market Update Q1 2025: No.16

March 23 and April 1 increases: For most of March, vessels have not been full and import demand/volume has not been strong for various reasons. Not the least of these are the tariff implications, and I'm sure everyone has heard plenty about them at this point.

Pegasus to Attend 52nd NCBFAA Annual Conference

Join us at NCBFAA Annual Conference 2025 April 6-9